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5 Technology Stocks Dragging The Sector Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,515 as of Monday, July 29, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 829 issues advancing vs. 2,095 declining with 99 unchanged.

The Technology sector currently sits down 0.5% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Changyou.com ( CYOU), down 21.2%, NetSuite ( N), down 4.6%, America Movil S.A.B. de C.V ( AMOV), down 3.6%, LinkedIn ( LNKD), down 3.1% and Roper Industries ( ROP), down 2.7%. Top gainers within the sector include Activision Blizzard ( ATVI), up 3.4%, Facebook Inc Class A ( FB), up 2.7%, Wipro ( WIT), up 1.8%, Thomson Reuters Corporation ( TRI), up 1.3% and Baidu ( BIDU), up 1.2%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Telefonica Brasil S.A ( VIV) is one of the companies pushing the Technology sector lower today. As of noon trading, Telefonica Brasil S.A is down $0.48 (-2.1%) to $21.88 on light volume. Thus far, 415,887 shares of Telefonica Brasil S.A exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $21.73-$22.22 after having opened the day at $22.22 as compared to the previous trading day's close of $22.35.

Telefonica Brasil S.A. provides fixed-line telecommunications services to residential and commercial customers in Brazil. Telefonica Brasil S.A has a market cap of $24.6 billion and is part of the telecommunications industry. Shares are down 7.1% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Telefonica Brasil S.A a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Telefonica Brasil S.A as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full Telefonica Brasil S.A Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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